Boone Pickens and George Soros buying coal stocks.
Mr Pickens bought 275,700 of Arch Coal and Mr Soros bought 4.4 million shares of Peabody Energy. In my opinion they are calling the bottom in the coal market. I thought Arch Coal was a ten dollar stock until Boone Pickens and Soros started buying coal stocks, now i wonder how soon Arch Coal could be in the teens ? jmho